6 Easy Steps to Make money from Cash Reward Credit Cards or Point Rewards Credit Cards Part3 - 3- Keep another credit card for emergency

Now that you have chosen the best cash reward credit card and that you use it on a daily basis (please see my guest post on The Financial Blogger for the Part2 of How to make money with cash reward credit cards), you need a plan B to finance unexpected expenses. In an ideal world, you would have about 6 months worth of salary as an emergency fund or a line of credit that can cover for such spending.

However, it is always useful to have a second credit card in your wallet as an easy plan B. The second credit card would also be very useful if your cash reward credit card is de-magnetized or frozen for fraud protection for example.

Imagine that you go in France for 2 weeks and your cash reward credit cards is being cloned at the same time. You just finish a great dinner at a fancy restaurant and you can’t pay the bill because your cash reward credit cash has been frozen or canceled to stop the fraud… This is when you pull out your second card out of your pocket and pay your bill (thinking that you won’t get your points back from this expense ;-).

Since it is very common to have a credit card cloned (don’t worry, you won’t have to pay any fraudulent transactions), it is always a good thing to have a second credit cards to cover these situations.

For this one, you are actually looking for a cheap (no annual fees) card. As this credit card will be used for emergency only (in the case your reward credit card is not accessible), you should not look for any features requiring an additional fee on it. Try to find the best free card possible. Here’s a couple of free credit cards:

Here is the complete 6 Easy Steps to Make Money From Cash Reward Credit Cards of Point Rewards Credit Cards (links will be updated as article goes live).

1- Select a card with cash rewards or a good point system that suits your needs

2- Use your credit card for your day-to-day spending (guest post on The Financial blogger)

3- Keep another credit card for emergency

4- Do not withdraw money from your bank account anymore

5- Pay it completely at the end of the month

6- Enjoy rewards from your credit card

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